Ripple Executive Says Corporate Treasuries Are Key Growth Opportunity for RLUSD

Ripple Stablecoin Senior Vice President Jack McDonald said corporate treasuries are an important growth opportunity for RLUSD. According to Odaily, Ripple Treasury serves about 1,200 corporate treasury and CFO clients after Ripple acquired treasury management software provider GTreasury for $1 billion last year, and those clients handle about $13 trillion in transactions annually. McDonald said RLUSD circulating supply has grown more than 50% over the past month, with about $1 billion on XRP Ledger and $1.4 billion on Ethereum. He added that RLUSD daily active volume has more than doubled since the start of the year, rising from about $200 million last month to about $750 million. Payments and capital markets are currently the two main use cases, and Ripple has worked with Franklin Templeton and DBS on tokenized money market funds and lending.